EBA News

The European Business Association has been tapping into the knowledge and expertise of some of the country's most senior businessmen and businesswomen. We ask the questions, they do the talking.  And here is a summary of some opinions.

Question: Which business sector will be a 'rising star' in 2010?

 

Jean Jouet, CEO, ArcelorMittal Kryvyi Rih

I wish the steel sector to be the star, but it is more a wish than a forecast. This is a fundamental industry that ensures 40% of currency inflow to the state budget.  After decades of exponential growth in a rather favorable environment for the industry the world is changing rapidly and Ukraine needs to react in order to remain one of the biggest steel producers and exporters. Look at China with its unprecedented growth and state policy of creating favorable business environment. Ukraine needs to have a national steel sector strategy for development, with clear priorities and targets, with issues like performance and productivity improvements on the agenda.  As a world's steel producing leader, we are ready to play a role in this process and contribute to

 

Terry Pickard, NAI Pickard Group Chairman

One would hope it will be the metal industry and then agriculture because those are the primary industries that the whole of Ukraine rely upon

  Dario Marchetti, General Director of Danone Ukraine

The business sector [as a whole] will be the rising star.  Well, I think honestly, it will be the business sectors tied to exports.  Hryvna has been devalued and the global economy is picking up and so there is a competitive advantage despite the lack of investment, corruption, etc.  Also, there will be some local opportunities as, during the crisis, many companies became 'leaner'.  They have been able to keep prices consistent and therefore, they will benefit.

 

Tomas Fiala, Managing Director of Dragon Capital

Agriculture. Exporters have become more competitive on the world markets due to the Hryvna devaluation.  Also, given the increase in global demand, I think, agriculture will do well.

 

Trond Moe, Country Manager of Telenor Group in Ukraine

It's hard to pick one sector. I think, 2010 will be a year to bring profitability back for many sectors. Some will take more time, but perhaps consumer goods will grow faster.

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